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What are DOGE bulls waiting for? A bearish signal has appeared on the 4-hour timeframe
$DOGE /USDT - Go SHORT
Trading plan:
Entry: 0.07424 – 0.07450
SL: 0.07565
TP1: 0.07341
TP2: 0.07277
TP3: 0.07181
Why focus on this setup?
- Current DOGE price is 0.07437. The daily trend is clearly bearish; on the 4-hour timeframe, the direction is SHORT, with 95% confidence.
- RSI on the 15-minute timeframe is only 54.2; the rebound has no strength. ATR on the 1-hour is 0.000534. Volatility is tightening—right before the storm.
- Why now? The entry range is 0.07424–0.07450. TP1 is at 0.07341. The risk-reward ratio is over 2:1, while the SL is only 0.07565.
Discussion:
Will this leg of the bears directly smash to TP2 at 0.07277, or will it first fake a pump and then dump like a waterfall?